ForecastCity

There is a possibility for the beginning of an uptrend in KNCETH

Long
BINANCE:KNCETH   Kyber Network / Ethereum
Technical analysis:
. KYBERNETWORK/ ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0014100 to 0.0012800). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0014100)
Ending of entry zone (0.0012800)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0015700
TP2= @ 0.0017200
TP3= @ 0.0018500
TP4= @ 0.0020730
TP5= @ 0.0022500
TP6= @ 0.0026100
TP7= @ 0.0028500
TP8= @ 0.0032100
TP9= @ 0.0038200
TP10= @ 0.0045100
TP11= @ 0.0053910
TP12= Free

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